retail price of gasoline per gallon

Do you know what we paid for a gallon of gasoline?

In August 2006, the gasoline that we paid now is US$2.95 per gallon is inclusive these 4 elements such as the crude oils that we buy from the petroluem countries, refining the crude oil, distributing and also marketing and the taxes from the government.

In US$2.95, the US$1.62 is the original price that we buy from the crude oil's company. For every gallon of US$2.95, US$0.44 is paid for the refining and upgrading the gasoline that we're using now. All most 14% of the retail price is added for the distribution and the marketing of the gas. Finally, the government and other taxes are about 15% of the retail price.

So this is why we are paying US$2.95 for gasoline. Conclusion, the gas price has been increased drastically from year to year.

Have you ever wondered what exactly is up with gas price history? This informative report can give you an insight into everything you've ever wanted to know about gas price history.

Price histories help gas professionals to get the big picture. The analyses undertaken by gas market professionals are powered by data on the real-time gas price, the price history, the trading volume history and other information. Using these parameters, gas market professionals observe price trends and trading patterns, and make informed decisions. Professionals also use price histories to gauge spreads and difference between prices, on futures contracts. For example, professionals might like to use price history to be able to hedge against price risks. Today, more than half of the states in the US use financial tools like futures contracts and weather risk insurance to stabilize the prices of gas.

Most of this information comes straight from the gas price history pros. Careful reading to the end virtually guarantees that you'll know what they know.

Price histories also help chart out particular trends in gas prices, and they are correlated and compared to gas instruments in the energy or other financial markets. Gas price history has emerged as a widely accepted analytical tool to understand market fluctuations in gas. Combined with an analysis of seasonality, gas price histories can provide a powerful look into the future.

Don't limit yourself by refusing to learn the details about gas price history. The more you know, the easier it will be to focus on what's important.

gas history

Many energy experts believe natural gas will displace oil as the world's most widely used fuel. Consumption of natural gas, a cleaner and more efficient fuel, is rising in the US, Asia and Europe. The major economies are now preparing for greater natural gas usage amid concerns that oil supplies will fail to meet future energy needs. The commodities futures markets provide a wide range of gas derivative instruments to enhance financial performance in the physical markets. These instruments enable producers and consumers to hedge against price risk. They are also used as speculative investment vehicles.

Gas market professionals, whether buying or selling the physical product, or dealing in gas financial futures, analyse price history to gain market insight. They compare current and historical situations, and the factors that give rise to them, to determine the direction of gas price movements. Gas market professionals perform a wide range of analyses, powered by real-time price data and price history, to make informed decisions. They examine price history, trading volume history and other information history to look for price trends and trading patterns to help them understand how and why the gas market moves.

They use gas price history to chart gas price trends against particular developments or to correlate and compare a gas instrument with instruments in the energy or other financial markets. Seasonality is an important factor in energy markets so they also use price history to chart its impact on gas prices. Gas market professionals also use price history to calculate spreads, the difference between prices, on futures contracts. They may, for instance, want to calculate a spark spread, the difference between a natural gas future and electricity future, to help them hedge against price risk in the power market.

Reuters has a long history of serving the global energy markets. Reuters covers an extensive range of cash energy prices as well as price data on all exchange-traded energy instruments. It also supplies price history and powerful analytical tools. Reuters energy news service, produced by a global team of 60 specialist reporters, complements its coverage of political, economic and general news. Reuters also provides commentary, statistics, weather reports and specialist data services tailored to the needs of energy markets.

know about gas price history

Have you ever wondered what exactly is up with gas price history? This informative report can give you an insight into everything you've ever wanted to know about gas price history.

The following plot shows how much I paid for each gallon of gas I bought over the past 27 years or so. The data has a somewhat varied pedigree. Most of the purchases from 1979-1982 were in the Rio Vista/Fort Worth, Texas area. From late 1982-1983 was from College Station/Rio Vista about equally. From 1984-1987 was a Rio Vista/College Station/Houston mix and from 1987 on has been mostly Houston with a little Fort Worth thrown in. Just about everything pre-1984 was full service and everything since has been self-serve. Every tank shown was "super" unleaded (92-93 octane).

You can see that there's practical value in learning more about gas price history. Can you think of ways to apply what's been covered so far?

Three curves are shown on the plot. The upper, black curve shows the actual price paid for each gallon. The lower curve is the data adjusted for inflation using April, 1979 as the datum. That is, the data in this curve has been adjusted to "April 1979 dollars". The "CPI-All Urban Consumers for all items less energy" was used to adjust the data using monthly average data interpolated to the actual purchase dates. The CPI data is from the U.S. Bureau of Labor Statistics. The third, faint line, shows the average price for the entire U.S., again from the BLS.

Knowing enough about gas price history to make solid, informed choices cuts down on the fear factor. If you apply what you've just learned about gas price history, you should have nothing to worry about.

several factors that effect propane prices

Have you ever wondered what exactly is up with gas price history? This informative report can give you an insight into everything you've ever wanted to know about gas price history.

There are several factors that effect propane prices. Some factors are common to petroleum products, while others are specifically related to propane. Propane prices are affected by crude and natural gas prices. However, crude oil seems to be a big determiner of propane costs, since propane primarily competes with crude-oil based fuels in the market. As with any other item, propane prices are influenced by the demand-supply balance. The proximity of supply also determines the price of propane, and customers placed farthest from the major supply are likely to pay more.

The markets are also another big determiner of propane prices. Propane serves different markets, from producing petrochemicals to crop drying in farms, each with its own characteristics and needs. Propane prices in these markets are usually influenced by factors such as the prices of competing fuels, the distance propane travels to reach the user, and the volume of use. Residential demand, for example, is dependent on the weather, and so propane prices usually peak during winters. Today the residential and the commercial sector accounts for about 45 percent of all propane used in the US.

Those of you not familiar with the latest on gas price history now have at least a basic understanding. But there's more to come.

The petrochemical industry uses about 38 percent of the propane in the US. Propane is used by the industry to make plastic, cosmetics, alcohol, fibers and other commodities. With a rise in the prices of propane, the petrochemicals industry can easily switch over to other raw materials. Such a wider choice of this industry is a major driver for propane prices. Moreover, even within the petrochemical industry the demand is regional, because of the high concentration of petrochemical plants in the Gulf Coast region.
Gas Prices provides detailed information on Gas Prices, Natural Gas Prices, Propane Gas Prices, History of Gas Prices and more. Gas Prices is affiliated with Gas Prices.

If you've picked some pointers about gas price history that you can put into action, then by all means, do so. You won't really be able to gain any benefits from your new knowledge if you don't use it.